- Crypto Banter host says trading is all about funds’ movement across various markets.
- When trading, money can move between different ecosystems or within the same ecosystem.
- Annii noted that news events trigger shifts out of an entire ecosystem like cryptocurrency.
Annii, a host on the Crypto Banter YouTube channel, says trading is all about funds’ movement across various markets. When trading, money can move between different ecosystems (like cryptocurrency to gold) or within the same ecosystem (such as cryptocurrency), as explained by Annii.
Annii made the statement in a recently uploaded video while analyzing the current cryptocurrency market trend. She noted traders need to look at the various markets when making trading decisions. By doing so, they would decipher whether funds are shifting within the crypto market or moving to other external markets.
In her analysis, Annii noted that news events trigger shifts out of an entire ecosystem like cryptocurrency. From an intraday perspective, she identified Wednesday as a significant day within the week to expect market reversals. Annii explained that Wednesdays usually introduce trends that take the market towards the end of the week.
To identify these reversals, Annii noted that traders need to pay attention to news events coming out mid-week. She added that such news events are most powerful when they coincide with significant technical levels, as indicated in the video.
Annii educated Crypto Banter viewers on a trading pattern she uses to identify market reversals using the 15-minute chart. According to her, a “W” formation during a downtrend signals a trend change. Following the “W” formation, the market displayed three rising phases, each registering a minor pullback.
According to Annii, she looks out for an “M” formation at the end of the third phase, which begins with a lower high and would signal a trend reversal. The price will then repeat a similar movement in the opposite direction to complete the cycle. Annii noted that these usually play out within a week in the 15-minute time frame.
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